Companies in this industry manufacture equipment used to test electrical properties and signals. Major companies include Danaher, Keysight Technologies, National Instruments, and Teradyne (all based in the US), along with Anritsu (Japan), Rohde & Schwarz (Germany), Spirent Communications (UK), and Yokogawa Electric (Japan).

The global electronic test and measurement instruments market is forecast to reach $23 billion by 2021, according to Technavio. The industry requires the use of semiconductors and other electronic components most commonly sourced from manufacturers in Asia. World events and regional economic fluctuations that interrupt supplier activity or supply chains can delay product shipments and impact a company’s profitability.

The US electronic test and measurement instruments manufacturing industry includes about 800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $11 billion.

COMPETITIVE LANDSCAPE

Demand is driven by growth in industries such as electronics and semiconductor manufacturing, telecommunications, and aerospace and defense. The profitability of individual companies depends on controlling manufacturing costs and maintaining continuous, rapid product innovation. Large companies enjoy economies of scale in sourcing components and product distribution. Small companies can compete by specializing in equipment for niche markets or developing a reputation for high-quality products. The US industry is concentrated: the largest 50 companies account for about 70% of revenue. US companies face competition from foreign manufacturers: electronic test and measurement equipment imports account for about 60% of the market.

The global electronic test and measurement instruments market is forecast to reach $23 billion by 2021, according to Technavio. The US electronic test and measurement instruments manufacturing industry includes about 800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $11 billion....

According to a new market research report "Automation Testing Market by Technology (IoT, AI, and Big Data), Testing Type (Functional, Performance, Compatibility, and Security), Service (Advisory & Consulting, Managed, and Implementation), Endpoint Interface, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market size is expected to grow from USD 8.52 Billion in 2018 to USD 19.27 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period (2018-2023)....

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